Reference no: EM132719548
On January 1, 2015, Indigo Corporation, a small manufacturer of machine tools, acquired new industrial equipment for $1,300,000. The new equipment had a useful life of five years and the residual value was estimated to be $59,000. Indigo estimates that the new equipment can produce 14,000 machine tools in its first year. It estimates that production will decline by 1,000 units per year over the equipment's remaining useful life.
The following depreciation methods may be used: (1) straight-line, (2) double-declining-balance, and (3) unit of production. For tax purposes, the CCA class is Class 10-30%.
Problem (a) show a schedule showing the amount of accumulated depreciation at December 31, 2017, under straight-line method, double-declining balance method and units-of-output method. (Round depreciation per unit to 0 decimal places, e.g. 15 and final answer to 0 decimal places, e.g. 1,575.)
Determine the dividends per share of common stock
: The common stock was selling for $32 per share at the end of the year. Determine the dividends per share of common stock
|
How to prepare the journal entry at december
: Accumulated depreciation to date 740,000. Prepare the journal entry at December 31, 2017, to record asset impairment, if any.
|
Determine the dividend yield
: Common stock, $20 par (no change during the year) $10,000,000. For the common stock, determine the dividend yield
|
School violence is complicated
: What can schools do to better address the treatment of others within their school districts?
|
Determine a schedule showing the amount of accumulated
: Determine a schedule showing the amount of accumulated depreciation at December 31, 2017, under straight-line method, double-declining balance method
|
Determine the price-earnings ratio and dividend yield
: Determine the price-earnings ratio and dividend yield for the three companies. Round ratios and percentages to one decimal place as appropriate
|
Opioid crisis and drug-related deaths
: Discuss the issues that families are coping with today in regard to the opioid crisis and drug-related deaths of our young adults today.
|
Compute what is amount of shareholders equity on december
: January 7--Issued 40,000 shares at P12 per share December 2--Purchased 6,000. What is the amount of shareholders' equity on December 31, 2016?
|
How your academic interests-extracurricular activities
: Write a personal statement essay where discuss how your academic interests, extracurricular activities,
|